Core Canadian Dividend Trust

Core Canadian Dividend Trust

August 04, 2009 16:03 ET

Core Canadian Dividend Trust Declares Monthly Distribution

TORONTO, ONTARIO--(Marketwire - Aug. 4, 2009) - Core Canadian Dividend Trust (the "Trust") (TSX:CDD.UN) has declared its monthly distribution of C$0.03803 per unit payable August 31, 2009 to unitholders of record as of August 17, 2009.

The Fund's investment objectives are: (i) to provide unitholders of the Fund with monthly cash distributions in an amount targeted to be 6.5% per annum on the net asset value ("NAV") of the Fund; and (ii) to preserve and grow the NAV per Unit.

The Fund's investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. To generate additional returns above the dividend income earned on the Fund's investment portfolio, the Fund will, from time to time, write covered call options in respect of some or all of the securities in the portfolio.

The Fund's Units are listed on the Toronto Stock Exchange under the symbol CDD.UN.

Distribution Details :
Distribution per Unit $0.03803
Payable Date: August 31, 2009
Record Date: August 17, 2009
Ex-Dividend Date: August 13, 2009

A member of the Mulvihill Capital Management Inc. Group of Funds

Contact Information

  • Core Canadian Dividend Trust
    Investor Relations
    416.681.3966 or Toll Free at 1.800.725.7172